09/22/2013
DFSA Slaps Fine on Former Private Banker
He also restricted from performing financial works for a period of six years
Legal,Regulation,Tax & Compliance
09/22/2013
Ex-BNP Paribas Private Banker Fined by Dubai Regulator
"It's a pretty strong move by the regulator and shows they are getting more serious now in protecting client interests. Previously, these events wouldn't be made public," said one asset management source, who declined to be identified
09/22/2013
Smith & Williamson celebrates double win at STEP Private Client Awards 2013/14
Smith & Williamson, the accountancy and investment management group, has been named Accountancy Team of the Year and Investment Team of the Year at the STEP Private Client Awards 2013/14.
09/21/2013
US introduces new tool to combat tax evasion: a voluntary disclosure programme…for banks
There is no question that the deal reached by the US and Swiss governments that resulted in this programme will have a deeply–resonating impact on the Swiss private banking industry
09/19/2013
Sitting comfortably – Swiss lawyers benefit as Gnomes of Zurich come under attack
So where does this leave Switzerland's legal powerhouses?
09/19/2013
FCA set to take action on disclosing PI shortfalls
The FCA is set to crack down on the lack of disclosure of shortfalls in professional indemnity insurance among advisers and wealth managers
09/19/2013
Law Firm Use of Service Companies Faces Scrutiny in Tax Avoidance Clampdown
The use of service companies by limited liability partnerships could be outlawed in the UK Government's latest clampdown on tax avoidance.
09/18/2013
Morgan Flattened by Whale
It is hard to know where to begin in describing the savage indictment by regulators in the US and UK of how JP Morgan Chase came to lose a breathtaking $6.2bn from the notorious "London Whale" trades.
09/17/2013
UBS Securities Japan Must Pay $100 Million in Libor Case (3)
A Japanese unit of UBS AG (UBSN), Switzerland’s biggest bank, was ordered to pay a $100 million fine as part of a global resolution of allegations that it manipulated benchmark interest rates.
09/14/2013
Prominent Hedge Fund Attorney Joins Murphy & McGonigle
Her practice focused on enforcement defense and regulatory counseling of financial services firms.
09/14/2013
Government tax adviser quits after talk on how to keep money out of George Osborne's 'grubby mitts'
He stepped down after he was recorded outlining the advantages of planning tax
09/14/2013
Wealth manager fined over failures
Its failures resulted in an unacceptable risk of Axa selling products which were unsuitable for its customer
09/14/2013
Swiss banks Demand Proof French Clients Not Dodging Tax
At least two Swiss banks are now asking French clients for proof they are not dodging tax
09/13/2013
Lib Dems Plan 'super' Mansion Tax for London
According to the Evening Standard, party president Tim Farron has proposed those with property and wealth exceeding £2 million could pay a higher levy than those caught in the original mansion tax net.
09/12/2013
Brussels Treading Difficult Line in Tackling Tax Evasion
But the news that the European Commission has launched a probe into the tax activities of some member states, including Ireland, has added a fresh element to proceedings.
09/11/2013
Advisers back Garnier over RDR review
Conservative MP for Wyre Forest and TSC member Mark Garnier has asked for the committee to consider an inquiry.
09/11/2013
KPMG Warns Over £50 Billion ‘Basel 4′ Capital Hole
The latest salvo in the leverage ratio lobbying battle was fired Thursday by KPMG – with the consultancy group warning that major U.K. banks may have raise £50 billion ($78.5 billion) in capital as regulators look to restrict the size of thei
09/10/2013
Lloyds Banking Group raids Swiss Private Bank for disputes chief
The day after customers of Lloyds TSB saw the bank split from its parent company in one of Britain’s most high-profile banking shake-ups.
09/10/2013
UK Govt Releases Infographic On Anti-Avoidance Work
The UK Government has released an interactive infographic giving an overview of its approach to reducing tax avoidance and evasion.
09/09/2013
KWM, Bakers, Freshfields shine at ALB HK Law Awards
The 12th annual event recognised Hong Kong and North Asia's best law firms